________ is considered a high income country, ________ a developing country, and ________ a newly industrializing country
A) Canada; France; Singapore B) Honduras; New Zealand; South Korea
C) Japan; Hong Kong; South Korea D) United States; Somalia; Taiwan
D
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According to ________, there is a close connection between unemployment and the growth rate of real GDP
A) Say's Law B) Okun's Law C) Engel's Law D) Ricardo's Law
Refer to Figure 18-2. If the government imposes an excise tax of $1.00 on every unit sold, the government's revenue from the tax
A) is larger if the supply curve is S0. B) is identical under either supply curve. C) is larger if the supply curve is S1. D) is not maximized.
At higher interest rates, fewer people or firms will want to borrow. At lower interest rates, fewer people or firms will want to save
a. True b. False Indicate whether the statement is true or false
Present value is
A. the nominal value instead of the real value of something. B. the value of a dollar received a year from now, expressed in terms of its future value. C. the inverse of the interest rate. D. the value of a future amount expressed in today's dollars.